Morning Briefing: Markets cautious following North Korea missiles

Morning Briefing: Markets cautious following North Korea missiles

Morning Briefing: Markets cautious following North Korea missiles

Markets cautious following North Korea missiles

Geopolitical risks, weaker commodity prices and regional earnings and data are all in focus so far Monday. Investors are also anticipating a Fed rate hike.

Asian markets were rattled by news that North Korea had fired several missiles, with three landing inside Japan’s economic zone. Tokyo says it will not tolerate the rogue state’s actions; the Nikkei closed lower.

A downgraded forecast for China’s economy over the weekend and stronger retail data from Australia have also been considered and most markets closed higher.

European indexes are trending lower with the banking sector under pressure. Weaker Eurozone retail data is also in focus.

Wall Street and Toronto are expected to open lower. 

 

Latest

1 month ago

1 year ago

 

North America (previous session)

US Dow Jones

21,005.71 (+0.01 per cent)

+4.75 per cent

+23.51 per cent

TSX Composite

15,608.50 (+0.46 per cent)

+0.98 per cent

+18.13 per cent

 

Europe (at 5.00am ET)

UK FTSE

7,347.26 (-0.37 per cent)

+2.44 per cent

+18.52 per cent

German DAX

11,967.74 (-0.50 per cent)

+3.98 per cent

+21.82 per cent

 

Asia (at close)

China CSI 300

3,446.48 (+0.54 per cent)

+2.17 per cent

+11.40 per cent

Japan Nikkei

19,379.14 (-0.46 per cent)

+2.12 per cent

+13.90 per cent

 

Other Data (at 5.00am ET)

Oil (Brent)

Oil (WTI)

Gold

Can. Dollar

55.59

(-0.55 per cent)

53.03

(-0.56 per cent)

1233.40

(+0.48 per cent)

U$0.7468

 

Aus. Dollar

U$0.7592

 

Deutsche announces capital hike, legal probe reported

Shares in Germany’s Deutsche Bank dropped 6 per cent in early trade Monday as it announced a capital hike and reports claimed it is facing new legal action.

The additional $8.48 billion capital increase had been described previously as a last resort by CEO John Cryan. Reuters reports that the bank is behind its Wall Street rivals and has several key issues that need to be addressed to bring it back in line.

However, European media outlet Sky is reporting that the bank faces new legal action over foreign exchange trading. The report says that US law firm Scott + Scott will announce the action Monday in relation to ‘last look’ trading.